Marbella is hot for investors
Marbella is a hot investment prospect according to the UK Daily Telegraph’s ‘World’s Top 20 Places to Invest in Property’. Spain’s property market recovery may still be in its infancy and only taking its first tentative steps, but Marbella is a more advanced ‘walker’ and well above the national average. So, it is hardly surprising that Marbella is widely tipped to be Spain’s most popular destination for investors in 2015.
The current property prices are realistic compared with the pre-recession property boom values, and this has encouraged overseas investors to flock back to Puerto Banús and Marbella in particular. The reopening of the banks for mortgage business is another factor that has already started to encourage purchases. Plus, the increase in tourist visits, with record numbers arriving on the Costa del Sol in 2014, has revived interest in purchasing a second home among those visitors in a position to buy.
The start of this year also saw the British currency strengthen against the euro, and with British buyers leading the investor country of origin league again, it is likely that we will see even more buyers from the United Kingdom take advantage of getting the most out of an exchange rate that is currently at GBP1 = €1.35.
When you add these favourable economic conditions to Marbella’s unique qualities you have a winning formula. Where else will you find the best climate in Europe for sunshine lovers, plus a coast full of world famous golf courses, Michelin-starred chefs and restaurants, and five star hotels?
The amenities for families also offer an excellent lifestyle for younger people, and older members of Marbella’s stylish community have long known that it is one of the best retirement destinations on the planet.
Added to this, Spain’s social and political stability make Marbella a safe haven for investment in property. Market watchers suggest that the high end of Marbella’s market is attracting wealthy buyers back in a way that bears comparison with the early 2000s.
Marbella is a property market for the sophisticated and the work to boost its and Málaga’s image as a cultural centre is attracting ever more cosmopolitan investors who appreciate the new museums, film and musical events, plus of course, the luxury lifestyle Marbella offers. It’s the best place to invest – and an unbeatable place to live.
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